The Petya ransomware attack occurred in June 2017. Photo: Alexander Ryumin/TASS via Getty Images

"Cyberwarfare and populism are some of the top risks that could threaten global stability and financial markets in the years ahead, investors and policymakers warned at the annual Milken Institute Global Conference," Reuters' Anna Irrera reports from Beverly Hills.

Yes, but (and this was true at Davos, too): "Ironically, the mood [at the conference] was so positive that some speakers worried about excessive optimism."

  • Tom Barrack, "founder and executive chairman of Colony Northstar, said cybersecurity was his greatest concern because 'if the system itself is hacked or breaks or causes trauma, I am not sure what happens.'"
  • House Foreign Affairs Chair Ed Royce (R-Calif.) said "it’s been many years since we’ve done anything effective" against "Russian weaponization of information."
  • Peter Mandelson, a former European trade commissioner and British Labour minister: "My black swan is politics, politics in the West, which is getting bust ... And bust politics ... generates populist nationalist pressures on government and regulators, draws them more into the economy."

Go deeper

Updated 19 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Politics: Trump calls Fauci a "disaster" on campaign call.
  2. Health: Coronavirus hospitalizations are on the rise — 8 states set single-day coronavirus case records last week.
  3. States: California to independently review FDA-approved coronavirus vaccines
  4. Wisconsin judge reimposes capacity limit on indoor venues.
  5. Media: Trump attacks CNN as "dumb b*stards" for continuing to cover pandemic.
  6. Business: Consumer confidence surveys show Americans are getting nervousHow China's economy bounced back from coronavirus.
  7. Sports: We've entered the era of limited fan attendance.
  8. Education: Why education technology can’t save remote learning.
Dion Rabouin, author of Markets
45 mins ago - Economy & Business

The 2020 holiday season may just kill Main Street

Illustration: Eniola Odetunde/Axios

Online retail and e-commerce have been chipping away at brick-and-mortar businesses over the years but the combination of the coronavirus pandemic and the 2020 holiday season may prove to be a knockout blow.

State of play: Anxious consumers say financial concerns and health worries will push them to spend less money this year and to do more of their limited spending online.

California to independently review FDA-approved coronavirus vaccines

California Gov. Gavin Newsom. Photo: Justin Sullivan/Getty Images

California will "independently review" all coronavirus vaccines approved by the Food and Drug Administration before allowing their distribution, Gov. Gavin Newsom (D) announced at a news conference Monday.

Why it matters: The move that comes days after NAID director Anthony Fauci said he had "strong confidence" in FDA-approved vaccines could cast further public doubt that the federal government could release a vaccine based on political motives, rather than safety and efficacy.